Question: ) A project network is shown below, with three time estimates ( Optimistic Time - Most Likely Time - Pessimistic Time (in weeks )) for
- ) A project network is shown below, with three time estimates (Optimistic Time-Most Likely Time-Pessimistic Time (in weeks)) for each activity in the network.
- Compute the expected time for each activity in the project network
- Identify and list all possible paths in the project network. Compute the expected duration for each path in the project network
- Identify the critical path(s) in the project network. What is the expected project completion time?
- Compute the variance of each activity on the critical path(s).
- Determine the project variance and project standard deviation.
Use the PERT analysis results in 2(c) and 2(e) to answer questions (f), (g), (h), and (i) below:
- What is the probability that the project can be completed within 25 weeks of its start?
- What is the probability that the project can be completed within 18 weeks of its start?
- Determine the project deadline that gives this project an 85% chance of on-time completion.
- Determine the project deadline that gives this project a 27% chance of on-time completion.
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